Automated Guided Vehicles (AGV) Market Snapshot (2023 to 2033)

The automated guided vehicles (AGV) market is anticipated to be valued at US$ 1,126.7 million in 2023 and is predicted to rise to US$ 2,432.5 million. The sales of automated guided vehicles are estimated to secure a notable CAGR of 8% from 2023 to 2033.

A recent automated guided vehicles market study by Future Market Insights (FMI) opines that the growing demand for efficient material handling solutions has significantly propelled the sales of automated guided vehicles.

Surging applications in various industries, including logistics, food and beverage, healthcare, and manufacturing are like to guarantee consistent growth in automated guided vehicles. Based on this, FMI has forecasted the automated guided vehicles market to expand at an impressive 8% CAGR between 2023 and 2033.

Sales of automated guided vehicles grew substantially, registering 5.4% year-on-year growth in 2023 as manufacturing growth remained tepid amid the unprecedented COVID-19 outbreak,

Attribute Details
Base Year (2022) Automated Guided Vehicles (AGV) Market Value US$ 1043.2 million
Projected Year (2033) Automated Guided Vehicles (AGV) Market Value US$ 2432.5 million
CAGR% (2023 to 2033) 8%

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Automated Guided Vehicles (AGV) Market Historic Sales Compared to 2023 to 2033 Forecast Outlook

As per FMI’s market analysis on automated guided vehicles, the market registered sluggish growth at 2% CAGR from 2018 to 2022, due to limited awareness and penetration of industrial automation in various countries. However, the automated guided vehicles market gained immense traction in the following year, owing to increasing laser-guided AGV production and reduced labor costs.

Emerging as a feasible material handling solution, automated guided vehicles significantly reduce transportation damage and provide accessibility in high-volume storage and logistic facilities.

Advanced technologies such as telematics services and laser, magnetic, infrared, and optical navigation are being introduced in automated guided vehicles. Furthermore, wireless communication gaining significant traction, since it enhances accuracy in tracking position. It has therefore become a key trend in the automated guided vehicles market.

Increasing industrialization across the globe is propelling demand for automated guided vehicles in the oil & gas, transportation, and construction industry. Additionally, the growing demand can be attributed to advanced features offered by automated guided vehicles such as fuel efficiency and customized material handling, which might further shape the sales outlook of the market

How Urbanization is Fueling Demand for Automated Guided Vehicles?

AGV Sales are Increasing with Growing Urbanization and Expansion of Key Industries.

Expansion in urbanization is directly proportional to growth in population. With increasing urbanization and expansion of key industries such as construction, logistics, and automotive, automated guided vehicles, AGV sales are increasing.

Bulk production across key industries is creating demand for AGVs. Deploying AGVs helps streamline operations, reducing overheads and curtailing transit time to consumer markets.

The incorporation of artificial intelligence, robotics, and machine learning in AGV is creating a wide berth of opportunities for key players. With rising demand for advanced automation in material across handling processes across diverse end-use verticals, sales of AGVs are expected to soar.

Automated guided vehicles offer better scalability as compared to fixed equipment. As demand for automation rises, manufacturers can add a fleet of automated guided vehicles for short operational time and increase productivity, instead of investing in bulky fixed conveyors.

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Demand for Material Handling Technology to Increase Automated Guided Vehicle Sales

Automated guided vehicles are known for minimizing damages to materials, products, machinery, and infrastructure. Equipped with motion sensors, these vehicles effectively avoid collisions in walls, protecting the items stored in shelves, crates, and pallets.

AGVs are intelligently programmed to handle products as gently as needed, thereby acting instrumentally for quality material handling in warehouses, airports, healthcare, and other production facilities. In warehouses, these vehicles take care of repetitive tasks such as loading and unloading, picking, packing, and moving goods, without human assistance or supervision.

AGVs do not eliminate the human task force, but they certainly make operations easy and safe for the staff, which is a chief factor driving automated guided vehicle sales. Further, in the upcoming years, these vehicles might play a critical role in industrial automation. Delivery trucks can now arrive at loading points, plugged into an AGV system, and have their pallets safely unloaded by these machines.

Automated forklifts can move the pallets to their storage destination, following the given order of arrangement. When not in use, AGVs can move themselves to charge stations and wait for the next shipment to arrive, reducing staff interference and saving time.

Real-time interaction and navigation in AGVs let the staff keep track of their locations in warehouses. These vehicles can be integrated into software including warehouse management systems (WMS) and enterprise resource planning (ERP) to enhance operational efficiency.

AGVs significantly reduce the time used in manual inventory tracking, which is a growing concern in high-volume production facilities. These vehicles considerably reduce handling and tracking errors and ensure the timely delivery of products.

A perfect combination of WMS and automated guided vehicles can maintain storage availability and shelf adjustments. Such a combination can also support material requisition and procurement, which helps ensure supreme material handling.

Demand for Enhanced Accuracy and Productivity might Shape AGV Sales Outlook

AGV manufacturers keep safety at the forefront, to avoid collisions and reduce operational accidents while dealing with heavy product volumes in warehouses. These vehicles are packed with sensors, cameras, and lasers, allowing them to safely navigate around staff and shelves, thereby reducing operational downtime and cost.

In addition to safety, automated guided vehicles are capable of operating in harsh climatic conditions such as extreme heat or cold or around hazardous material. With the help of AGVs, manufacturers can increase profitability in many operations, providing tailwinds to automated guided vehicle sales during the assessment period.

AGVs also improve productivity by operating round the clock. By launching a fleet of AGVs instead of additional human task forces, manufacturers can reduce workflow errors, increase output and allow operations to be accurate and productive.

Considering the aforementioned factors, sales of AGV are expected to increase over the forecast period.

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High Maintenance Cost May Hamper Automated Guided Vehicle Growth

The maintenance cost required for optimal performance of these vehicles may act as a restraining factor, as automated guided vehicles can reduce labor, erroneous, and wastage costs significantly,

The initial investment in AGVs can be burdensome for small operations and could be expensive as compared to hiring personnel for similar tasks. These vehicles are not suitable for non-repetitive tasks, which can be normally performed by staff operating forklifts.

AGVs require routine maintenance and occasional repair like any other equipment. Increased dependency on AGVs can hinder daily operations at the time of maintenance, which can result in losses if not handled carefully. This might limit the adoption of automated guided vehicles in emerging markets.

Automated Guided Vehicle (AGV) Market - Country-wise Insights

What Is The Scope of AGV Market Expansion in the United States?

FMI projects a positive growth outlook for automated guided vehicles in the United States with the market expanding at around 5.7% CAGR through 2033. The growing demand for AGVs in the region is attributable to:

  • The presence of numerous consumer-centric industries in the United States.
  • High-quality research and development in the field of automation and robotics.

Increasing demand for AGVs within consumer goods, automotive, food & beverage, oil & gas, and healthcare sectors is fueling further growth. Owing to the rising demand, manufacturers have increased the production of AGVs, widening future growth prospects.

The presence of leading players such as Bastian Solutions, AGVE Group, and JBT Corporation is facilitating fast adoption across the United States. Also, the growing demand for AGVs in warehouses is going to provide incremental opportunities for these players, fostering sales.

How the United Kingdom is Likely to Experience Spike in AGV Sales?

Currently, the growing demand for advanced AGVs within the healthcare, aerospace, and e-commerce industry across the United Kingdom is fueling growth. The deployment of AGVs for streamlining operations in warehouses is boosting the demand within these industries.

As per FMI’s analysis, the United Kingdom is anticipated to spearhead Europe’s AGV market, expanding at a significant 7% CAGR during the forecast period. Moreover, the demand for AGVs is anticipated to bolster during the assessment period, which might create notable growth opportunities for AGV manufacturers in the region.

Growth in the retail sector is projected to spur demand for automated guided vehicles in the United Kingdom owing to the presence of a highly functional fashion industry in the country.

The application of automated guided vehicles in the hospitality sector is estimated to generate considerable outcomes. The use of forklifts and light-load transporters in hotels for the distribution of food, bathroom supplies, linen, and laundry might boost sales in the automated guided vehicles market.

Is China Likely to Lead Automated Guided Vehicles Market?

In China, automated guided vehicles are highly being adopted in automotive, consumer electronics, chemicals and materials, and eCommerce industries. These industries have been displaying high-growth potential, which has a direct impact on promoting AGV sales in China.

Technological advancements in the automotive sector have aided the growth of AGV across China. Adoption of advanced technologies such as laser guidance, wireless and sales magnetic systems in AGV might improve demand over the coming years.

Rapid industrialization and reduced labor costs have encouraged AGV manufacturers to expand their production facilities across China. For instance,

  • In 2019, leading player Yunnan KSEC ’s AGV business revenue exceeded 100 million yuan and is expanding with growing AGV demand within the country.
  • Logistic giants such as Alibaba are expanding their logistic arm through the adoption of more than 100 AGV robots in its ‘China’s Smartest Warehouse’.

The growing interest of such industry giants in AGV is going to provide notable growth opportunities over the coming years across China.

How does Industrial Automation Boost AGV Sales in India?

Industrial automation is a novel concept for many high-growth industries across India. With the expansion of e-commerce, several global players are increasing the adoption of AGVs. For instance,

  • Flipkart, in May 2019, announced the adoption of 340 AGVs at its warehouse in India and planned to increase the adoption over the next decade.

Thanks to the presence of numerous fast-moving consumer goods companies in India. Industrial automation is emerging as a key trend that is helping the country maintain its position in a highly competitive environment.

AGVs are viable instruments that support industrial automation and several manufacturers in India are enjoying the benefits of reduced manual labor and robotized manufacturing. Moreover, enhanced productivity, increased output, and reliable accuracy are some prominent benefits that are propelling automated guided vehicle sales in India.

Automated Guided Vehicle (AGV) Market - Category-wise Insights

Laser Guidance Technology is Estimated to Lead the Technology Segment

AGVs equipped with laser guidance technology are anticipated to account for maximum sales in the market, owing to advanced features such as security, flexibility and reliability, and precise navigation.

Laser guidance technology in AGVs is easy to install and does not interrupt arrangement patterns in a storage facility. Additionally, the laser used for navigation emits continuous beams of laser light in a 360-degree pattern, interacting with reflectors and targets positioned in the area. These reflectors send back uninterrupted reflection signals for navigation, allowing AGVs to access coordinates and place themselves accordingly.

Laser-guided AGVs calculate and correct their position around 40 times per second, which makes them highly accurate and a popular choice in the market.

Demand from the Logistics Industry is Likely to Spur Sales of Automated Guided Vehicles

In terms of end-user, the logistics industry is anticipated to showcase an upward trend in demand for automated guided vehicles during the forecast period.

Increasing demand posed by the logistics industry is attributable to the ability of AGVs to work in hazardous environments, irrespective of weather and temperature, which has eliminated interruptions in daily operations.

Expansion in the eCommerce industry might also propel sales of automated guided vehicles, as AGVs are highly efficient in streamlining logistic operations, helping retailers to cater to the growing customer demand.

AGVs Applications to Increase in Transportation Sector

Based on application, transportation is estimated to be the preferred application avenue for automated guided vehicles, especially in the automotive, logistics, and manufacturing industries.

Features such as accuracy, round-the-clock assistance, load-bearing, and reduced labor cost might further increase the adoption of AGVs in transportation during the assessment period. Also, the growing need for automation in material handling solutions is going to complement the growth of AGVs over the forecast period, driving sales.

Tow Vehicles Register High Sales, Followed by Unit Load Carrier

As per FMI’s market survey, tow vehicles, also known as tuggers, might lead the vehicle type segment, accounting for maximum sales during the assessment period. These vehicles can comparatively tow many trailers as compared to single-fork trucks, thereby enhancing operations in warehouses.

The unit load carrier segment is projected to witness growth through 2033, finding applications in the logistics and transportation sector. These vehicles are used for delivering pallets and containers while reducing aisle congestion and material damage, making them an ideal choice for various high-volume warehouses.

Automated Guided Vehicle (AGV) Market - Competitive Landscape

Top manufacturers of automated guided vehicles account for almost 45% of the total market share, finds FMI in this study. Leading players in the market are emphasizing on expansion of their already existing wide range of product portfolios.

Increasing investment in research to develop enhanced products is also a key strategy for market players to maintain their position in the market. Other key strategies include facility expansions and strategic partnerships to assist the growing demand for AGVs from various end-use industries. For instance:

  • In February 2021, Daifuku Co. Ltd. announced a business partnership with Germany-based AFT Industries to leverage the material handling capabilities of both companies in the automotive industry. The partnership is aimed to open global investment channels and support increasing demand from automotive manufacturers for material handling systems.
  • In July 2021, Kion Group AG opened a new truck production facility in a Polish town known as Kolbaskowo near Szczecin. The site might expedite the production of counterbalance trucks for all brand companies that come under the KION Industrial Trucks and Services segment, to enhance automation and digitization in production sites.
  • Seegrid Corporation, a developer of autonomous mobility robots collaborated with ROBEX in March 2022. This collaboration initiative could help Seegrid Corporation strengthen its business while also introducing Seegrid Corporation products to ROBEX clientele. This would also assist to increase the need for supply chain management automation.
  • ResGreen Group International, Inc. (OTC PINK: RGGI) (the "Company"), a next-generation mobile automation and software solutions firm, unveiled its bidirectional BigBuddy, one of the sector's resilient AGVs that employs magnetic strips to transport weights up to 5,000 pounds, in May 2023.

Scope of Report - Automated Guided Vehicle (AGV) Market

Attribute Details
Forecast Period 2023 to 2033
Historical Data Available for 2018 to 2022
Market Analysis USD million for Value
Key Regions Covered North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East and Africa
Key Countries Covered The United States, Canada, Germany, The United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa
Key Segments Covered Technology Type, Application Type, Vehicle Type, End-Use, and Regions
Key Companies Profiled JBT Corporation; Kuka AG; Daifuku Co., Ltd.; Kion Group AG; Omron Adept Technologies, INC.; AGVE Group, Inc.; Murata Machinery; Transbotics Corporation; Oceaneering International Inc.; Seegrid Corporation; Murata Machinery; SSI Schaefer; AVT Europe NV; Cassioli Srl; Toyota Industries Corporation; Robotnik; Kollmorgen; E&K Automation GMBH; BEUMER Group GmbH & Co. KG; Mecalux, S.A; Bastian Solutions, Inc.
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing Available upon Request

Automated Guided Vehicle Market by Category

By Technology Type:

  • Laser Guidance
  • Magnetic Guidance
  • Infrared Guidance
  • Wire Guidance
  • Inertial Guided
  • Optical Guided

By Application Type:

  • Transportation
  • Distribution
  • Storage

By Vehicle Type:

  • Unit Load Carrier
  • Pallet Truck
  • Assembly Line Vehicle
  • Tow Vehicle
  • Forklift Truck
  • Light Load Transporters

By End Use:

  • Logistics
  • Healthcare
  • Automotive
  • Manufacturing
  • Food & Beverages
  • Aerospace

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • The Middle East and Africa

Frequently Asked Questions

What is the Automated Guided Vehicles (AGV) market CAGR for 2033?

The automated guided vehicles (AGV) market CAGR for 2033 is 8%.

Which is the Leading Region in the Automated Guided Vehicles (AGV) market?

Asia-Pacific region is the leading region in the market.

What is the projected market value of the global Automated Guided Vehicles (AGV) market for 2033?

The projected market value of the market for 2033 is US$ 2,432.5 million.

How Key Players are Developing the Automated Guided Vehicles (AGV) Market?

Key players are developing the market by investing in research and development.

Which Major Countries are in the Automated Guided Vehicles (AGV) Market?

China, India, the United States, Japan, and Germany are the major countries in this market.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Technology Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Technology Type, 2023 to 2033

        5.3.1. Laser Guidance

        5.3.2. Magnetic Guidance

        5.3.3. Infrared Guidance

        5.3.4. Wire Guidance

        5.3.5. Inertial Guided

        5.3.6. Optical Guided

    5.4. Y-o-Y Growth Trend Analysis By Technology Type, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Technology Type, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application Type

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application Type, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application Type, 2023 to 2033

        6.3.1. Transportation

        6.3.2. Distribution

        6.3.3. Storage

    6.4. Y-o-Y Growth Trend Analysis By Application Type, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Application Type, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Vehicle Type, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Vehicle Type, 2023 to 2033

        7.3.1. Value (US$ Million) & Volume (Units) Load Carrier

        7.3.2. Pallet Truck

        7.3.3. Assembly Line Vehicle

        7.3.4. Tow Vehicle

        7.3.5. Forklift Truck

        7.3.6. Light Load Transporters

    7.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Vehicle Type, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use

    8.1. Introduction / Key Findings

    8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2018 to 2022

    8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2023 to 2033

        8.3.1. Logistics

        8.3.2. Healthcare

        8.3.3. Automotive

        8.3.4. Manufacturing

        8.3.5. Food & Beverages

        8.3.6. Aerospace

    8.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022

    8.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033

9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    9.1. Introduction

    9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022

    9.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033

        9.3.1. North America

        9.3.2. Latin America

        9.3.3. Europe

        9.3.4. South Asia

        9.3.5. East Asia

        9.3.6. Oceania

        9.3.7. MEA

    9.4. Market Attractiveness Analysis By Region

10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. U.S.

            10.2.1.2. Canada

        10.2.2. By Technology Type

        10.2.3. By Application Type

        10.2.4. By Vehicle Type

        10.2.5. By End Use

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Technology Type

        10.3.3. By Application Type

        10.3.4. By Vehicle Type

        10.3.5. By End Use

    10.4. Key Takeaways

11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Brazil

            11.2.1.2. Mexico

            11.2.1.3. Rest of Latin America

        11.2.2. By Technology Type

        11.2.3. By Application Type

        11.2.4. By Vehicle Type

        11.2.5. By End Use

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Technology Type

        11.3.3. By Application Type

        11.3.4. By Vehicle Type

        11.3.5. By End Use

    11.4. Key Takeaways

12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. Germany

            12.2.1.2. U.K.

            12.2.1.3. France

            12.2.1.4. Spain

            12.2.1.5. Italy

            12.2.1.6. Rest of Europe

        12.2.2. By Technology Type

        12.2.3. By Application Type

        12.2.4. By Vehicle Type

        12.2.5. By End Use

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Technology Type

        12.3.3. By Application Type

        12.3.4. By Vehicle Type

        12.3.5. By End Use

    12.4. Key Takeaways

13. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. India

            13.2.1.2. Malaysia

            13.2.1.3. Singapore

            13.2.1.4. Thailand

            13.2.1.5. Rest of South Asia

        13.2.2. By Technology Type

        13.2.3. By Application Type

        13.2.4. By Vehicle Type

        13.2.5. By End Use

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Technology Type

        13.3.3. By Application Type

        13.3.4. By Vehicle Type

        13.3.5. By End Use

    13.4. Key Takeaways

14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. China

            14.2.1.2. Japan

            14.2.1.3. South Korea

        14.2.2. By Technology Type

        14.2.3. By Application Type

        14.2.4. By Vehicle Type

        14.2.5. By End Use

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Technology Type

        14.3.3. By Application Type

        14.3.4. By Vehicle Type

        14.3.5. By End Use

    14.4. Key Takeaways

15. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        15.2.1. By Country

            15.2.1.1. Australia

            15.2.1.2. New Zealand

        15.2.2. By Technology Type

        15.2.3. By Application Type

        15.2.4. By Vehicle Type

        15.2.5. By End Use

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Technology Type

        15.3.3. By Application Type

        15.3.4. By Vehicle Type

        15.3.5. By End Use

    15.4. Key Takeaways

16. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    16.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    16.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        16.2.1. By Country

            16.2.1.1. GCC Countries

            16.2.1.2. South Africa

            16.2.1.3. Israel

            16.2.1.4. Rest of MEA

        16.2.2. By Technology Type

        16.2.3. By Application Type

        16.2.4. By Vehicle Type

        16.2.5. By End Use

    16.3. Market Attractiveness Analysis

        16.3.1. By Country

        16.3.2. By Technology Type

        16.3.3. By Application Type

        16.3.4. By Vehicle Type

        16.3.5. By End Use

    16.4. Key Takeaways

17. Key Countries Market Analysis

    17.1. U.S.

        17.1.1. Pricing Analysis

        17.1.2. Market Share Analysis, 2022

            17.1.2.1. By Technology Type

            17.1.2.2. By Application Type

            17.1.2.3. By Vehicle Type

            17.1.2.4. By End Use

    17.2. Canada

        17.2.1. Pricing Analysis

        17.2.2. Market Share Analysis, 2022

            17.2.2.1. By Technology Type

            17.2.2.2. By Application Type

            17.2.2.3. By Vehicle Type

            17.2.2.4. By End Use

    17.3. Brazil

        17.3.1. Pricing Analysis

        17.3.2. Market Share Analysis, 2022

            17.3.2.1. By Technology Type

            17.3.2.2. By Application Type

            17.3.2.3. By Vehicle Type

            17.3.2.4. By End Use

    17.4. Mexico

        17.4.1. Pricing Analysis

        17.4.2. Market Share Analysis, 2022

            17.4.2.1. By Technology Type

            17.4.2.2. By Application Type

            17.4.2.3. By Vehicle Type

            17.4.2.4. By End Use

    17.5. Germany

        17.5.1. Pricing Analysis

        17.5.2. Market Share Analysis, 2022

            17.5.2.1. By Technology Type

            17.5.2.2. By Application Type

            17.5.2.3. By Vehicle Type

            17.5.2.4. By End Use

    17.6. U.K.

        17.6.1. Pricing Analysis

        17.6.2. Market Share Analysis, 2022

            17.6.2.1. By Technology Type

            17.6.2.2. By Application Type

            17.6.2.3. By Vehicle Type

            17.6.2.4. By End Use

    17.7. France

        17.7.1. Pricing Analysis

        17.7.2. Market Share Analysis, 2022

            17.7.2.1. By Technology Type

            17.7.2.2. By Application Type

            17.7.2.3. By Vehicle Type

            17.7.2.4. By End Use

    17.8. Spain

        17.8.1. Pricing Analysis

        17.8.2. Market Share Analysis, 2022

            17.8.2.1. By Technology Type

            17.8.2.2. By Application Type

            17.8.2.3. By Vehicle Type

            17.8.2.4. By End Use

    17.9. Italy

        17.9.1. Pricing Analysis

        17.9.2. Market Share Analysis, 2022

            17.9.2.1. By Technology Type

            17.9.2.2. By Application Type

            17.9.2.3. By Vehicle Type

            17.9.2.4. By End Use

    17.10. China

        17.10.1. Pricing Analysis

        17.10.2. Market Share Analysis, 2022

            17.10.2.1. By Technology Type

            17.10.2.2. By Application Type

            17.10.2.3. By Vehicle Type

            17.10.2.4. By End Use

    17.11. Japan

        17.11.1. Pricing Analysis

        17.11.2. Market Share Analysis, 2022

            17.11.2.1. By Technology Type

            17.11.2.2. By Application Type

            17.11.2.3. By Vehicle Type

            17.11.2.4. By End Use

    17.12. South Korea

        17.12.1. Pricing Analysis

        17.12.2. Market Share Analysis, 2022

            17.12.2.1. By Technology Type

            17.12.2.2. By Application Type

            17.12.2.3. By Vehicle Type

            17.12.2.4. By End Use

    17.13. Singapore

        17.13.1. Pricing Analysis

        17.13.2. Market Share Analysis, 2022

            17.13.2.1. By Technology Type

            17.13.2.2. By Application Type

            17.13.2.3. By Vehicle Type

            17.13.2.4. By End Use

    17.14. Thailand

        17.14.1. Pricing Analysis

        17.14.2. Market Share Analysis, 2022

            17.14.2.1. By Technology Type

            17.14.2.2. By Application Type

            17.14.2.3. By Vehicle Type

            17.14.2.4. By End Use

    17.15. Indonesia

        17.15.1. Pricing Analysis

        17.15.2. Market Share Analysis, 2022

            17.15.2.1. By Technology Type

            17.15.2.2. By Application Type

            17.15.2.3. By Vehicle Type

            17.15.2.4. By End Use

    17.16. Australia

        17.16.1. Pricing Analysis

        17.16.2. Market Share Analysis, 2022

            17.16.2.1. By Technology Type

            17.16.2.2. By Application Type

            17.16.2.3. By Vehicle Type

            17.16.2.4. By End Use

    17.17. New Zealand

        17.17.1. Pricing Analysis

        17.17.2. Market Share Analysis, 2022

            17.17.2.1. By Technology Type

            17.17.2.2. By Application Type

            17.17.2.3. By Vehicle Type

            17.17.2.4. By End Use

    17.18. GCC Countries

        17.18.1. Pricing Analysis

        17.18.2. Market Share Analysis, 2022

            17.18.2.1. By Technology Type

            17.18.2.2. By Application Type

            17.18.2.3. By Vehicle Type

            17.18.2.4. By End Use

    17.19. South Africa

        17.19.1. Pricing Analysis

        17.19.2. Market Share Analysis, 2022

            17.19.2.1. By Technology Type

            17.19.2.2. By Application Type

            17.19.2.3. By Vehicle Type

            17.19.2.4. By End Use

    17.20. Israel

        17.20.1. Pricing Analysis

        17.20.2. Market Share Analysis, 2022

            17.20.2.1. By Technology Type

            17.20.2.2. By Application Type

            17.20.2.3. By Vehicle Type

            17.20.2.4. By End Use

18. Market Structure Analysis

    18.1. Competition Dashboard

    18.2. Competition Benchmarking

    18.3. Market Share Analysis of Top Players

        18.3.1. By Regional

        18.3.2. By Technology Type

        18.3.3. By Application Type

        18.3.4. By Vehicle Type

        18.3.5. By End Use

19. Competition Analysis

    19.1. Competition Deep Dive

        19.1.1. JBT Corporation

            19.1.1.1. Overview

            19.1.1.2. Product Portfolio

            19.1.1.3. Profitability by Market Segments

            19.1.1.4. Sales Footprint

            19.1.1.5. Strategy Overview

                19.1.1.5.1. Marketing Strategy

                19.1.1.5.2. Product Strategy

                19.1.1.5.3. Channel Strategy

        19.1.2. Kuka AG,

            19.1.2.1. Overview

            19.1.2.2. Product Portfolio

            19.1.2.3. Profitability by Market Segments

            19.1.2.4. Sales Footprint

            19.1.2.5. Strategy Overview

                19.1.2.5.1. Marketing Strategy

                19.1.2.5.2. Product Strategy

                19.1.2.5.3. Channel Strategy

        19.1.3. Daifuku Co., Ltd.

            19.1.3.1. Overview

            19.1.3.2. Product Portfolio

            19.1.3.3. Profitability by Market Segments

            19.1.3.4. Sales Footprint

            19.1.3.5. Strategy Overview

                19.1.3.5.1. Marketing Strategy

                19.1.3.5.2. Product Strategy

                19.1.3.5.3. Channel Strategy

        19.1.4. Kion Group AG

            19.1.4.1. Overview

            19.1.4.2. Product Portfolio

            19.1.4.3. Profitability by Market Segments

            19.1.4.4. Sales Footprint

            19.1.4.5. Strategy Overview

                19.1.4.5.1. Marketing Strategy

                19.1.4.5.2. Product Strategy

                19.1.4.5.3. Channel Strategy

        19.1.5. Omron Adept Technologies, INC.

            19.1.5.1. Overview

            19.1.5.2. Product Portfolio

            19.1.5.3. Profitability by Market Segments

            19.1.5.4. Sales Footprint

            19.1.5.5. Strategy Overview

                19.1.5.5.1. Marketing Strategy

                19.1.5.5.2. Product Strategy

                19.1.5.5.3. Channel Strategy

        19.1.6. AGVE Group, Inc.

            19.1.6.1. Overview

            19.1.6.2. Product Portfolio

            19.1.6.3. Profitability by Market Segments

            19.1.6.4. Sales Footprint

            19.1.6.5. Strategy Overview

                19.1.6.5.1. Marketing Strategy

                19.1.6.5.2. Product Strategy

                19.1.6.5.3. Channel Strategy

        19.1.7. Murata Machinery

            19.1.7.1. Overview

            19.1.7.2. Product Portfolio

            19.1.7.3. Profitability by Market Segments

            19.1.7.4. Sales Footprint

            19.1.7.5. Strategy Overview

                19.1.7.5.1. Marketing Strategy

                19.1.7.5.2. Product Strategy

                19.1.7.5.3. Channel Strategy

        19.1.8. Transbotics Corporation

            19.1.8.1. Overview

            19.1.8.2. Product Portfolio

            19.1.8.3. Profitability by Market Segments

            19.1.8.4. Sales Footprint

            19.1.8.5. Strategy Overview

                19.1.8.5.1. Marketing Strategy

                19.1.8.5.2. Product Strategy

                19.1.8.5.3. Channel Strategy

        19.1.9. Oceaneering International Inc.

            19.1.9.1. Overview

            19.1.9.2. Product Portfolio

            19.1.9.3. Profitability by Market Segments

            19.1.9.4. Sales Footprint

            19.1.9.5. Strategy Overview

                19.1.9.5.1. Marketing Strategy

                19.1.9.5.2. Product Strategy

                19.1.9.5.3. Channel Strategy

        19.1.10. Seegrid Corporation

            19.1.10.1. Overview

            19.1.10.2. Product Portfolio

            19.1.10.3. Profitability by Market Segments

            19.1.10.4. Sales Footprint

            19.1.10.5. Strategy Overview

                19.1.10.5.1. Marketing Strategy

                19.1.10.5.2. Product Strategy

                19.1.10.5.3. Channel Strategy

        19.1.11. Murata Machinery

            19.1.11.1. Overview

            19.1.11.2. Product Portfolio

            19.1.11.3. Profitability by Market Segments

            19.1.11.4. Sales Footprint

            19.1.11.5. Strategy Overview

                19.1.11.5.1. Marketing Strategy

                19.1.11.5.2. Product Strategy

                19.1.11.5.3. Channel Strategy

        19.1.12. SSI Schaefer

            19.1.12.1. Overview

            19.1.12.2. Product Portfolio

            19.1.12.3. Profitability by Market Segments

            19.1.12.4. Sales Footprint

            19.1.12.5. Strategy Overview

                19.1.12.5.1. Marketing Strategy

                19.1.12.5.2. Product Strategy

                19.1.12.5.3. Channel Strategy

        19.1.13. AVT Europe NV

            19.1.13.1. Overview

            19.1.13.2. Product Portfolio

            19.1.13.3. Profitability by Market Segments

            19.1.13.4. Sales Footprint

            19.1.13.5. Strategy Overview

                19.1.13.5.1. Marketing Strategy

                19.1.13.5.2. Product Strategy

                19.1.13.5.3. Channel Strategy

        19.1.14. Cassioli Srl

            19.1.14.1. Overview

            19.1.14.2. Product Portfolio

            19.1.14.3. Profitability by Market Segments

            19.1.14.4. Sales Footprint

            19.1.14.5. Strategy Overview

                19.1.14.5.1. Marketing Strategy

                19.1.14.5.2. Product Strategy

                19.1.14.5.3. Channel Strategy

        19.1.15. Toyota Industries Corporation

            19.1.15.1. Overview

            19.1.15.2. Product Portfolio

            19.1.15.3. Profitability by Market Segments

            19.1.15.4. Sales Footprint

            19.1.15.5. Strategy Overview

                19.1.15.5.1. Marketing Strategy

                19.1.15.5.2. Product Strategy

                19.1.15.5.3. Channel Strategy

        19.1.16. Robotnik

            19.1.16.1. Overview

            19.1.16.2. Product Portfolio

            19.1.16.3. Profitability by Market Segments

            19.1.16.4. Sales Footprint

            19.1.16.5. Strategy Overview

                19.1.16.5.1. Marketing Strategy

                19.1.16.5.2. Product Strategy

                19.1.16.5.3. Channel Strategy

        19.1.17. Kollmorgen

            19.1.17.1. Overview

            19.1.17.2. Product Portfolio

            19.1.17.3. Profitability by Market Segments

            19.1.17.4. Sales Footprint

            19.1.17.5. Strategy Overview

                19.1.17.5.1. Marketing Strategy

                19.1.17.5.2. Product Strategy

                19.1.17.5.3. Channel Strategy

        19.1.18. E&K Automation GMBH

            19.1.18.1. Overview

            19.1.18.2. Product Portfolio

            19.1.18.3. Profitability by Market Segments

            19.1.18.4. Sales Footprint

            19.1.18.5. Strategy Overview

                19.1.18.5.1. Marketing Strategy

                19.1.18.5.2. Product Strategy

                19.1.18.5.3. Channel Strategy

        19.1.19. BEUMER Group GmbH & Co. KG

            19.1.19.1. Overview

            19.1.19.2. Product Portfolio

            19.1.19.3. Profitability by Market Segments

            19.1.19.4. Sales Footprint

            19.1.19.5. Strategy Overview

                19.1.19.5.1. Marketing Strategy

                19.1.19.5.2. Product Strategy

                19.1.19.5.3. Channel Strategy

        19.1.20. Mecalux, S.A

            19.1.20.1. Overview

            19.1.20.2. Product Portfolio

            19.1.20.3. Profitability by Market Segments

            19.1.20.4. Sales Footprint

            19.1.20.5. Strategy Overview

                19.1.20.5.1. Marketing Strategy

                19.1.20.5.2. Product Strategy

                19.1.20.5.3. Channel Strategy

20. Assumptions & Acronyms Used

21. Research Methodology

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